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Nov 14, 2012
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the goal is to emphasize the need for safer school environments. >>> local government leaders, students, teachers and local religious leaders are working to reduce teen smoking. today they're going to join the healthcare coalition for all in annapolis to ask for a $1 increase. three cigarette taxes have reduced smoking by 32% in the state of maryland. that is more than double the current national average. >>> you voted to expand gambling, now you're going to find out exactly what that means. this morning maryland casinos are going to be offering plans for table games and 24-hour gaming. they're expected to address the reconfiguration of the casino floor to help accommodate those new games, the creation of 1200 jobs and introduce a dealer training school. officials will also talk about the impact this could have on future tax revenues for the state of maryland. >>> time now for a check of that forecast once again. lynette is here with us. you talked about the changes that were coming. this was on friday and into monday. you have certainly held up your end of the deal. >> i love it when i
the goal is to emphasize the need for safer school environments. >>> local government leaders, students, teachers and local religious leaders are working to reduce teen smoking. today they're going to join the healthcare coalition for all in annapolis to ask for a $1 increase. three cigarette taxes have reduced smoking by 32% in the state of maryland. that is more than double the current national average. >>> you voted to expand gambling, now you're going to find out exactly...
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Nov 14, 2012
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that's 7% in a zero interest rate environment. we all knew it was going to be a slow economy. we all knew the market was going to grow slow. the bottom line is even with the decline in the last eight days, we're still up 6.5%, 7%. >> you're saying to buy into this selloff? >> i think you have to buy into it. where are you going to put your money? most of the money is going into fixed income. that's just crazy. we know future interest rates are going to go higher. that's not going to hurt corporations. it's not going to hurt profits, but what it is going to do is hurt the individual investor. they should be in equities. when you look at the dividend plays out there, it's crazy not to be. >> boy, when it comes to the markets, michael, you could not have a more different point of view, could you? >> we have about 30% cash. i took out another about 20%. we're about 50% today in cash. i don't think the fiscal cliff is going to happen. i think they're going to punt. i don't think anybody in washington, d.c. has the meatballs or spaghetti to care about cutting our debt and deficits.
that's 7% in a zero interest rate environment. we all knew it was going to be a slow economy. we all knew the market was going to grow slow. the bottom line is even with the decline in the last eight days, we're still up 6.5%, 7%. >> you're saying to buy into this selloff? >> i think you have to buy into it. where are you going to put your money? most of the money is going into fixed income. that's just crazy. we know future interest rates are going to go higher. that's not going to...
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Nov 14, 2012
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the moms tweet their location to the milk truck whenever they feel they're in an unwell cu unwelcome environment. the milk truck will come. raised $15,000 for this. you hear, women forced into bathrooms to nurse. not legal in all 50 states. >> that's crazy. >> in public domain. i should say. >> it is nature the i never understood why people get freaked out by all that stuff. that truck, that truck. >> tata truck. >> wonder if they host bachelor parties. also, take a look. video speaks for itself. a product that started as a joke. actually is a real thing you can been for $40. a swifter you put on your kid, crawl on the floor, they're cleaning up. same team they're crawling. get it for $40. betterthanpants.com. started as a >>> this morning on "world news now" -- we follow the e-mail trail that is at the center of the military sex scandal. >> that is just as we are seeing one of the women involved for the first time since the story broke. it's wednesday, november 14th. >> announcer: from abc news this is "world news now." > >>> good morning, everybody. well paula broadwell was seen just last nigh
the moms tweet their location to the milk truck whenever they feel they're in an unwell cu unwelcome environment. the milk truck will come. raised $15,000 for this. you hear, women forced into bathrooms to nurse. not legal in all 50 states. >> that's crazy. >> in public domain. i should say. >> it is nature the i never understood why people get freaked out by all that stuff. that truck, that truck. >> tata truck. >> wonder if they host bachelor parties. also, take...
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Nov 14, 2012
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especially the thing about the ip spending environment, it's a tough spending environment. security is one of the few sub sectors that's holding up well and that's kind of a glimmer of hope in a tough macro. >> i presume they'd have to pony up, though. daniel, good to see you. thank you for joining us. >> looking for silver lining amid the cyber security storm clouds. >> one story to leave you with, in queensland in australia, earlier this morning they got a full solar eclipse, completely blocked out the sun at 6:39 local time. we might just see it before we go. >> wow. it's amazing. >> there we go. we've got it. >> and on that lunar shot, kelly and i will say goodbye. "squawk box" is up next. >> we'll see you back here tomorrow. >>> the looming fiscal cliff. some of the nation's best-known ceos are headed to the white house today to meet the with the president. >>> on the economic agenda, key reads on the consumer and inflation and that happens before the bell. in corporate news, cisco's first quarter results beat the street, but ceo john chambers cautions of flat earnings
especially the thing about the ip spending environment, it's a tough spending environment. security is one of the few sub sectors that's holding up well and that's kind of a glimmer of hope in a tough macro. >> i presume they'd have to pony up, though. daniel, good to see you. thank you for joining us. >> looking for silver lining amid the cyber security storm clouds. >> one story to leave you with, in queensland in australia, earlier this morning they got a full solar...
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Nov 14, 2012
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we're talking about a high regulatory environment. who the heck knows what happens over the near term on the fiscal cliff. is it more prudent to stay on the sidelines? you want to look for specific situations? >> let's assume they're in. they're not traders. we're an advisory conference. they're in the market. i think to sell here, to just get nervous, panic, see what's on the news and to throw it in is not prudent. we're coming into thanksgiving. you have good seasonality. i think we get a lift. when we get a lift, if you are this person who says i need to take some risk off the table, that's when you do it. so if you're looking to go into 2013 and you are uncertain, as i am, i think we have a lot fourth go down. so if you're a trader, i think you can trade this to the up side. if you're a longer term investor, you get a pop, you take some off the table and you re-evaluate like in six months. >> that's the strategy. wait for a gain so you're not selling out at the bottom here. >> i think selling in the red today is not prudent. >> ok
we're talking about a high regulatory environment. who the heck knows what happens over the near term on the fiscal cliff. is it more prudent to stay on the sidelines? you want to look for specific situations? >> let's assume they're in. they're not traders. we're an advisory conference. they're in the market. i think to sell here, to just get nervous, panic, see what's on the news and to throw it in is not prudent. we're coming into thanksgiving. you have good seasonality. i think we get...
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Nov 14, 2012
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technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> breaking news comes from the middle east at this hour. the head of the military wing of hamas was killed today. assassinated in an israeli air strike in gaza. hamas says this man was in a car when it was hit by an israeli missile. the israel will defense forces say that he was directly responsible for carrying out terror attacks against israel for years. the attack came actually after the prime minister, benjamin netanyahu, warned this week of pending retaliation for the increased rocket attacks coming out of gaza. the palestinian government has issued a statement calling him a great leader, end quote. reuters is reporting
technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> breaking...
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Nov 14, 2012
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when we bought it just superior business model in a tough environment. if things get better, great, employment improves, we're going to have more hook-ups, housing improves, more connections, great growth story. if things don't get better, we're trying to protect for the downside and keep that optionalty if the economy improves. comcast could be a monster return on capital going forward. and that's been a big core holding for quite a while, as well. >> no kidding, you've done well -- you bought it down in the low 20s? >> i don't know the actual cost price in front of me. i can tell you it's been one of our big holdings for a couple of years. home depot and lowe's we bought at the end of '11. we had a thesis that housing was bottoming. and now the housing improvement is accelerating and that's a big deal for the u.s. economy when you think about the spillover effect in construction jobs, you know, furniture, auto, cement, everything that comes with household formation in new home purchases. >> well, we want to thank you for joining us today. >> my pleasur
when we bought it just superior business model in a tough environment. if things get better, great, employment improves, we're going to have more hook-ups, housing improves, more connections, great growth story. if things don't get better, we're trying to protect for the downside and keep that optionalty if the economy improves. comcast could be a monster return on capital going forward. and that's been a big core holding for quite a while, as well. >> no kidding, you've done well -- you...
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Nov 14, 2012
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headline driven in this environment. yesterday you saw the sharp rally toward the end of the session. was it because of the rumor that spain might have a bailout or was it the rumor that potentially they were bundled 44 million euros together for greece? i don't know. it clearly moved the market, both of those things incidentally didn't happen. longer term, if you look at what is happening, europe versus the united states, you can see the effect of the fiscal cliff in the wake of the obama victory. here you see the yellow line here is the top 50 blue chips in europe. how they have traded over the last month. this is the dow jones industrial average. you'll see that under performance now, 4.5% as a result arguably of that fiscal cliff and arguably where the election left us. >> it's going to get tougher sledding. >>> meantime other capital markets op-ed, gary is looking although a few charts as he did yesterday. >> you know, carl, great piece by riches warning people about bond funds versus bonds. a lot of people ignore t
headline driven in this environment. yesterday you saw the sharp rally toward the end of the session. was it because of the rumor that spain might have a bailout or was it the rumor that potentially they were bundled 44 million euros together for greece? i don't know. it clearly moved the market, both of those things incidentally didn't happen. longer term, if you look at what is happening, europe versus the united states, you can see the effect of the fiscal cliff in the wake of the obama...
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Nov 14, 2012
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. >>> welcome back to "early start." more than two weeks after super storm sandy, thousands of people in new york are still in the dark and cold demanding answers right now. >> much of the anger is directed at the long island power authority or lipa for failing to respond to the big one. lipa is the target of a class-action lawsuit and its chief operating officer is stepping down. deb feriyak has been covering this for us. >> it's ban hot mess is the only way to describe it. you have an organization that basically hires out the power grid to a different contractor and what ended up happening is they basically lost control. they weren't prepared. they knew that the big storm was coming but reports said they didn't make the most basic changes like cutting tree branches so the wires wouldn't have to be taken down. this caused a lot of people to be plunged into darkness during the storm. people on long island are tired of the cold, the dark and the run-around f
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. >>> welcome back to "early start." more than two weeks after super storm sandy, thousands of people in new york are still in the dark and cold demanding answers right now. >> much of the anger is directed at the long island power authority or lipa for failing to respond to the big one. lipa is the target of a class-action...
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Nov 14, 2012
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just stop the cut in an environment where it is absolutely essential. i had no children. maybe i will not feel it did not much. but like the last caller said i am ready to pay my their share. and the thing is that fairness is not guaranteed. but this is where i put my emphasis, what is democracy? we have got to try to work and create fairness. a graduated income tax is the best way to pay according to the ability to pay. the more you give, the more you pay. what is complicated? guest: the caller brings up a great point. this idea of tax fairness. who should pay more? another caller brought up before. what this caller is scion is that something that the president echoed again and again on the campaign trail. and he feels like this as part of the government moving forward. part of the tax fairness issue is at the wealthy should pay more to help pay down the deficit. the other caller was saying he feels like more people should pay federal income taxes to pay down the federal it deficit. this is sort of the two ways that the parties beer taxes or one way that they do. the fac
just stop the cut in an environment where it is absolutely essential. i had no children. maybe i will not feel it did not much. but like the last caller said i am ready to pay my their share. and the thing is that fairness is not guaranteed. but this is where i put my emphasis, what is democracy? we have got to try to work and create fairness. a graduated income tax is the best way to pay according to the ability to pay. the more you give, the more you pay. what is complicated? guest: the...
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Nov 14, 2012
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also an expert politician who knew exactly how to get things done, exactly in a partisan political environment. sound familiar? what lessons want we learn from him? joining us now, author of a new fantastic book called "thomas jefferson, the art of power." john meachem joins us live. >> you talk about how thomas jefferson, as he gets up first thing ing, as many people are now, he had a ritual he would plunge his feet into a base son of cold quarter. >> it is. there's a groove on the floor where the bowl was brought in. but he lived to be 84 so it's a pretty good policy. >> maybe i need a bucket. thomas jefferson was a guy who loved politics. he loved to design stuff, he was a big thinker, he kept great details but at the end of the day he was a guy who could bring two sides together. north, south, come on, let's wind up in the middle. >> he had endless appetite for art, for wine, for women, for architectural books and also power. he was born to it in virginia. the eldest son in an important family. i learned from a very early age. he was was a political apprentice. for 40 years he was pretty m
also an expert politician who knew exactly how to get things done, exactly in a partisan political environment. sound familiar? what lessons want we learn from him? joining us now, author of a new fantastic book called "thomas jefferson, the art of power." john meachem joins us live. >> you talk about how thomas jefferson, as he gets up first thing ing, as many people are now, he had a ritual he would plunge his feet into a base son of cold quarter. >> it is. there's a...